Businessmen, especially small entrepreneurs, are often times challenged with the dilemma of how to generate more income and minimize their expenditures. It is in recognition of this that Republic Act (“RA”) No. 9178, otherwise known as the “Barangay Micro Business Enterprises (BMBEs) Act of 2002”, was enacted. The policy underlying RA No. 9178 is a noble one. RA No. 9178 was crafted to encourage the formation and growth of BMBEs, which effectively serve as seedbeds of Filipino entrepreneurial talents, and to integrate those in the informal sector with the mainstream economy. Its most salient feature pertains to the tax incentives granted to BMBEs, specifically the exemption from tax of the…